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10 Best Asset Depletion/Asset Qualifier Mortgage Lenders in Colorado Springs

This ranking identifies the top 10 asset depletion and asset qualifier mortgage lenders serving Colorado Springs, evaluated for program specificity, Colorado market relevance, and suitability for borrowers qualifying primarily through liquid assets. It is designed for retirees, self-employed professionals, and high-net-worth individuals who cannot rely on traditional wage income to secure a mortgage. Use this list to efficiently identify lenders whose non-QM programs align with your asset profile and homeownership goals in Colorado Springs.

LoanWise Editorial Team

Isometric view of a Colorado Springs mortgage lending office near a mountain backdrop with residential homes and tiny figures carrying financial documents.

Colorado Springs has emerged as one of Colorado's most active residential real estate markets, driven by a combination of military presence, a growing technology sector, and consistent in-migration from higher-cost metros. For high-net-worth buyers, retirees, and self-employed professionals entering this market, the challenge is rarely asset availability — it is finding a lender equipped to translate substantial liquid assets into qualifying mortgage income through a structured asset depletion or asset qualifier program.

Asset depletion and asset qualifier mortgages are a category of non-QM (non-qualified mortgage) lending specifically designed for borrowers whose financial strength is concentrated in investment portfolios, retirement accounts, savings, or other liquid holdings rather than in W-2 wages or verifiable self-employment income. Under these programs, a lender divides eligible assets by a defined depletion period to arrive at an implied monthly income figure used for qualification — without requiring employment verification or traditional income documentation in many cases.

This approach is particularly relevant in Colorado Springs for several borrower profiles:

  • Retirees living off investment portfolios or pension distributions who have reduced or no active earned income
  • Self-employed borrowers whose tax returns understate their actual financial capacity due to legitimate deductions
  • Real estate investors and executives with significant liquid assets but non-linear income patterns
  • High-net-worth individuals who prefer not to liquidate assets to fund a purchase and need an alternative qualification path

The lenders ranked here were evaluated based on factors including the presence of dedicated asset depletion or asset qualifier product pages, explicit Colorado or Colorado Springs market relevance, the degree to which programs eliminate traditional income and employment requirements, program flexibility for non-traditional borrower profiles, and accessibility through both direct retail and broker wholesale channels. The goal of this ranking is to give Colorado Springs borrowers and their advisors a clear, research-grounded starting point for identifying the most relevant lending options available in this specialized mortgage segment.

#1

Truss Financial Group

Colorado-focused asset depletion mortgage specialist

Colorado asset depletion page

Yes

Asset depletion program page

Yes

States referenced in research

1

Official asset-based product pages cited

2

Truss Financial Group directly markets asset depletion mortgages and a Colorado-specific asset depletion loan page, making it one of the clearest fits for high-net-worth borrowers in Colorado Springs. Its positioning is especially relevant for retirees, self-employed borrowers, and applicants qualifying primarily from liquid assets.
#2

Capital Home Mortgage

Colorado Springs asset qualifier mortgage option

Colorado Springs page

Yes

Employment required

No

Income required

No

DTI required

No

Capital Home Mortgage promotes an Asset Qualifier program specifically for Colorado Springs non-qualified mortgage borrowers. The program note states no employment, income, or DTI is required, which is highly targeted to asset-based qualification scenarios.
#3

Griffin Funding

Asset-based Colorado mortgage lender with broader flexibility

Colorado asset-based loans page

Yes

State relevance

Colorado

Asset-based product page

Yes

Official Colorado-specific page cited

1

Griffin Funding markets asset-based loans in Colorado and is well positioned for borrowers using liquid assets instead of wage income. It stands out for combining direct asset-based messaging with a broader non-agency mortgage platform useful for more complex borrower profiles.
4
#4

Angel Oak Mortgage Solutions

Well-known non-QM asset qualifier lender

Employment required

No

Income required

No

Asset qualifier program

Yes

Official program pages cited

1

Angel Oak Mortgage Solutions offers an Asset Qualifier Mortgage program with no employment or income requirement, making it one of the strongest product fits for asset-rich borrowers. Its established non-QM reputation adds credibility for brokers and borrowers seeking flexible underwriting.
5
#5

Golden Lenders

Dedicated asset depletion program with always-on availability

Hours per day

24

Days per week

7

Phone lines listed

1

Asset depletion program page

Yes

Golden Lenders has a dedicated Asset Depletion Program page and emphasizes around-the-clock availability. That combination can appeal to Colorado Springs borrowers and referral partners who want a clearly marketed asset-based option with high responsiveness.
6
#6

Colorado Loan Pro

Local asset utilization mortgage expertise for Colorado borrowers

Colorado-focused product guide

Yes

Asset utilization page

Yes

State relevance

Colorado

Official product pages cited

1

Colorado Loan Pro publishes a Colorado-focused asset utilization mortgage guide, signaling direct expertise in qualifying borrowers with substantial liquid assets. Its local branding helps its relevance for Colorado Springs borrowers who want state-specific mortgage guidance.
7
#7

Carrington Mortgage Services

Large mortgage platform cited for asset depletion options

Asset depletion offering referenced

Yes

Asset utilization offering referenced

Yes

Channel relevance

Wholesale

Research mentions

2

Carrington is widely cited in the research pack and related sources for offering asset depletion and asset utilization through wholesale channels. Its scale and broker familiarity make it a strong practical choice for Colorado Springs borrowers working with mortgage professionals on harder-to-place files.
8
#8

JMAC Lending

Broker-oriented non-QM lender with asset flexibility

Asset depletion offering referenced

Yes

Asset utilization offering referenced

Yes

Channel relevance

Wholesale

Research mentions

2

JMAC Lending is highlighted for both asset depletion and asset utilization methods alongside a broader non-QM product lineup. For Colorado Springs borrowers using brokers, it is a strong option when asset-based qualification needs to be paired with flexibility on more complex files.
9
#9

NewFi Wholesale

Flexible wholesale asset-based mortgage option

Asset-based lending referenced

Yes

Channel relevance

Wholesale

Research mentions

1

Official website identified

Yes

NewFi Wholesale is highlighted in the research pack as a source of flexible asset-based lending. It earns a spot for Colorado Springs because brokers seeking asset-qualifier solutions often value lender flexibility alongside product breadth for non-traditional borrowers.
10
#10

North American Savings Bank

Direct lender often cited for asset depletion mortgages

Direct lender cited

Yes

Asset depletion positioning referenced

Yes

Research mentions

2

Official website identified

Yes

North American Savings Bank is consistently cited in the research pack as a direct lender with clear asset depletion mortgage positioning. It is especially relevant to retirees and high-net-worth borrowers seeking a more established direct-lender option for asset-based qualification.

●Conclusion

Choosing the right asset depletion or asset qualifier lender in Colorado Springs requires more than identifying which institutions offer a program by name. The practical differences between lenders in this category can be significant, and the details that matter most are often not prominently displayed in public-facing marketing materials.

When evaluating lenders from this list, consider the following factors carefully:

Asset eligibility and haircut policies. Not all liquid assets are treated equally. Most lenders apply a discount — commonly referred to as a haircut — to retirement accounts, reducing their qualifying value relative to taxable investment accounts or cash equivalents. Understanding which asset types a lender accepts, and at what percentage, directly affects your qualifying income figure and your maximum loan amount.

Depletion methodology. Lenders vary in how they calculate implied monthly income from assets. Some divide total eligible assets by a fixed number of months; others use actuarial or age-based formulas. A meaningful difference in methodology can shift your qualification outcome substantially on the same asset base.

Program requirements beyond income. Even programs marketed as requiring no employment or income verification will typically still assess credit score, loan-to-value ratio, and reserve requirements. Knowing the minimum thresholds for each helps you assess fit before initiating an application.

Channel access. Several lenders in this ranking operate primarily through wholesale broker channels rather than direct-to-consumer retail. If you are working with a mortgage broker, this expands your access to the full list. If you are shopping independently, focus first on those with direct consumer-facing programs and Colorado-specific product pages.

Rate and fee structure. Non-QM asset-based mortgages typically carry interest rates above conventional conforming loan rates, reflecting the additional underwriting flexibility involved. Request loan estimates from multiple lenders to compare the all-in cost, including origination fees, discount points, and any prepayment penalty terms.

Colorado Springs borrowers in this segment benefit from a competitive and growing non-QM lender landscape. Comparing at least two to three options — ideally including both a Colorado-focused specialist and a lender with broader national non-QM infrastructure — gives you meaningful negotiating context and increases the likelihood of finding a program that fits your specific asset structure, property type, and timeline.

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